SpaceX Closes Up 19% at $2.1 Trillion in Nasdaq Debut After Record $75 Billion IPO
SpaceX closed its first day of trading about 19% above its $135 initial public offering price, giving the company a market capitalization of roughly $2.1 trillion after the largest IPO on record. The shares had opened at $150, valuing the company at $1.96 trillion, after SpaceX raised $75 billion in the June 11 offering at a $1.77 trillion valuation.
The debut cemented Elon Musk's status as the world's first trillionaire on paper. CNBC estimated that, at the $150 opening price, his SpaceX stake was worth more than $766 billion and his Tesla holdings about $280 billion, for a net worth of roughly $1.05 trillion. The gain also lifted SpaceX to America's sixth most valuable public company even though Reuters noted the company lost nearly $5 billion last year and generates only a fraction of the revenue of similarly valued tech giants.
From the sources (25 posts)
@exec_sumBREAKING: The SpaceX IPO is over 3.3x oversubscribed after drawing more than $250B in demand Order books are set to close tomorrow
@unusual_whalesSpaceX IPO already 4x oversubscribed, per Reuters
@reutersExclusive: SpaceX IPO demand is approaching four times oversubscribed, source says
@exec_sumBREAKING: Senator Elizabeth Warren urges the SEC to delay SpaceX's IPO, citing valuation, governance and index risks for retail investors.
@deitaoneWARREN CALLS TO BLOCK SPACEX IPO Sen. Elizabeth Warren urged the SEC to halt SpaceX’s IPO, citing governance risks, Elon Musk’s control, and potential foreign—especially Chinese—investment concerns. She also highlighted SpaceX’s role as a
@scottmelkerJUST IN: SENATOR ELIZABETH WARREN CALLS ON SEC TO DELAY SPACEX IPO
@kalshiJUST IN: Elizabeth Warren urges the SEC to halt SpaceX IPO
@yahoofinanceElizabeth Warren wants the SEC to pump the brakes on the SpaceX IPO.
@yahoofinanceElizabeth Warren wrote a letter to SEC Chair Paul Atkins asking him to halt the SpaceX IPO.
@bulltheoryioBREAKING: Senator Elizabeth Warren just called on the SEC to block the SpaceX IPO. Warren cited three concerns: - Elon Musk's unchecked control over the company. - Governance risks for public investors. - The possibility of Chinese inv
@oilheadlinenewsSenator Elizabeth Warren urges the SEC to delay SpaceX's IPO, citing valuation, governance and index risks for retail investors.
@polymarketmoneyJUST IN: Senator Elizabeth Warren has asked the SEC to halt SpaceX’s upcoming IPO.
@cointelegraph🚨 JUST IN: Sen. Warren urged the SEC to block SpaceX’s IPO over governance, Musk control and foreign investment concerns.
@exec_sumBREAKING: SpaceX's $75B IPO is over 4x oversubscribed with over $300B in orders Order books are set to close today
@katie_roofRT @BloombergTV: SpaceX’s initial public offering is well oversubscribed with multiple institutional investors placing orders for about $10…
@cnbcSen. Warren calls on SEC to delay SpaceX IPO, flagging concerns about valuation and governance
@reutersSEC mum on SpaceX share structure that worried a 1926 US president
@deitaone*SPACEX IPO IS SAID TO BE MORE THAN FOUR TIMES OVERSUBSCRIBED
@financialjuiceSpaceX's IPO is said to be more than four times oversubscribed.
@yahoofinanceSpaceX's IPO is coming Friday, and it's 4x oversubscribed. @scottmelker says crypto still overpaid.
@businessSpaceX’s initial public offering has attracted demand for more than four times the available shares, according to people familiar with the matter
@deitaoneSPACEX IPO DEMAND SWAMPS SHARE SUPPLY SpaceX’s IPO has reportedly attracted demand for more than four times the shares available, highlighting strong investor appetite. The company plans to raise about $75 billion at a $1.8 trillion valuat
@zerohedgeSPACEX IPO IS SAID TO BE MORE THAN FOUR TIMES OVERSUBSCRIBED
@wallstengineSPACEX IPO IS SAID TO BE MORE THAN FOUR TIMES OVERSUBSCRIBED
@katie_roofRT @business: SpaceX’s initial public offering has attracted demand for more than four times the available shares, according to people fami…